Amibroker AFL for Intra-day trading with multitple time frame

 Today I am posting another interesting AFL. This AFL can be successfully used for trading in multiple time frame. I have tested this in Intraday trading with larger time frame like 15 minutes and hourly charts, and on many instances, profitable trading was done. This AFL can suggest price 3 targets which I think can help us to exit the trade at comfortable levels.I request the readers, to copy this code and TEST this by doing paper trading. If you are well versed with the parameters and the functioning of this AFL only then you should use this on a regular basis. Again do not use AFL alone, always use with other indicators.

So, Good Luck and best wishes.

////////////////////////////////////////////////////////////////Code is posted below/////////////////////////////////////////////////////////

_SECTION_BEGIN("Trend Lines");
p1 = Param("TL 1 Periods", 20, 5, 50, 1);
p2 = Param("TL 2 Periods", 5, 3, 25, 1);
TL1 = LinearReg(C, p1);
TL2 = EMA(TL1, p2);
Col1 = IIf(TL1 > TL2, ParamColor("TL Up Colour", colorGreen), ParamColor("TL Dn Colour", colorRed));
Plot(TL1, "TriggerLine 1", Col1, styleLine|styleThick|styleNoLabel);
Plot(TL2, "TriggerLine 2", Col1, styleLine|styleThick|styleNoLabel);
_SECTION_END();

_SECTION_BEGIN("Linear Regression Channel");


SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
SetChartBkGradientFill(ParamColor("Top", colorTeal), ParamColor("Bottom", colorLightGrey), ParamColor("Title", colorTeal));
SetChartBkColor(colorTeal);


Plot( C, "Close", colorWhite, styleCandle, Zorder = 1);
SetChartOptions(0,chartShowArrows | chartShowDates);


_SECTION_BEGIN("HH");
Q = Param( "% Change", 2, 0.1, 10, 0.1 );
Z = Zig( C , q ) ;
HH = ( ( Z < Ref( Z, -1 ) AND Ref( Z, -1 ) > Ref( Z, -2 ) ) AND (Peak( z, q, 1 ) > Peak( Z, q, 2 ) ) );
LH = ( ( Z < Ref( Z, -1 ) AND Ref( Z, -1 ) > Ref( Z, -2 ) ) AND (Peak( Z, q, 1 ) < Peak( Z, q, 2 ) ) );
HL = ( ( Z > Ref( Z, -1 ) AND Ref( Z, -1 ) < Ref( Z, -2 ) ) AND (Trough( Z, q, 1 ) > Trough( Z, q, 2 ) ) );
LL = ( ( Z > Ref( Z, -1 ) AND Ref( Z, -1 ) < Ref( Z, -2 ) ) AND (Trough( Z, q, 1 ) < Trough( Z, q, 2 ) ) );
GraphXSpace = 5;
dist = 0.5 * ATR( 20 );

for ( i = 0; i < BarCount; i++ )
{
if ( HH[i] )
PlotText( "HH", i, H[ i ] + dist[i], colorRed );

if ( LH[i] )
PlotText( "LH", i, H[ i ] + dist[i], colorRed );

if ( HL[i] )
PlotText( "HL", i, L[ i ] - dist[i], colorBrightGreen );

if ( LL[i] )
PlotText( "LL", i, L[ i ] - dist[i], colorBrightGreen );

}

Filter=HH OR HL OR LH OR LL;
AddColumn(RSI(2),"RSI",1.2);
AddColumn(Close,"PRICE",1.2);
AddColumn(HH,"SHORT");
AddColumn(LH,"LH");
AddColumn(HL,"HL");
AddColumn(LL,"COVER");
AddColumn(V,"volume",1.0);
_SECTION_END();

_SECTION_BEGIN("Realtimetips ");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
Plot( C, "Close", colorBlack , styleNoTitle | styleCandle | GetPriceStyle() );
//
messageboard = ParamToggle("Message Board","Show|Hide",0);
showsl = ParamToggle("Stop Loss Line", "Show|Hide", 0);
no=10;
res=HHV(H,no);
sup=LLV(L,no);
avd=IIf(C>Ref(res,-1),1,IIf(C<Ref(sup,-1),-1,0));
avn=ValueWhen(avd!=0,avd,1);
s5d=IIf(avn==1,sup,res);

if (showsl == 0)
{Plot(s5d,"Stop Loss",colorCustom14,styleDots);}
exitlong = Cross(s5d, C);
PlotShapes(exitlong * shapeDownArrow, colorRed,0,H,-12);
exitshort = Cross(C, s5d);
PlotShapes(exitshort * shapeUpArrow, colorGreen,0,L,-12);

Buy = exitshort;
Sell = exitlong;
Short = Sell;
Cover = Buy;
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
Short = ExRem(Short, Cover);
Cover = ExRem(Cover, Short);
AlertIf( Buy, "", "BUY @ " + C, 1 );
AlertIf( Sell, "", "SELL @ " + C, 2 );

for(i=BarCount-1;i>1;i--)
{
if(Buy[i] == 1)
{
entry = C[i];
sig = "BUY";
sl = s5d[i];
tar1 = entry + (entry * .0078);
tar2 = entry + (entry * .0234);
tar3 = entry + (entry * .0356);

bars = i;
i = 0;
}
if(Sell[i] == 1)
{
sig = "SELL";
entry = C[i];
sl = s5d[i];
tar1 = entry - (entry * .0078);
tar2 = entry - (entry * .0234);
tar3 = entry - (entry * .0356);

bars = i;
i = 0;
}
}
Offset = 20;
Clr = IIf(sig == "BUY", colorLime, colorOrange);
ssl = IIf(bars == BarCount-1, s5d[BarCount-1], Ref(s5d, -1));
sl = ssl[BarCount-1];

Plot(LineArray(bars-Offset, tar1, BarCount, tar1,1), "", Clr, styleLine|styleDots, Null, Null, Offset);
Plot(LineArray(bars-Offset, tar2, BarCount, tar2,1), "", Clr, styleLine|styleDots, Null, Null, Offset);
Plot(LineArray(bars-Offset, tar3, BarCount, tar3,1), "", Clr, styleLine|styleDots, Null, Null, Offset);
Plot(LineArray(bars-Offset, sl, BarCount, sl,1), "", colorCustom14, styleLine|styleDots, Null, Null, Offset);
Plot(LineArray(bars-Offset, entry, BarCount, entry,1), "", colorTurquoise, styleLine|styleDots, Null, Null, Offset);

for (i=bars; i <BarCount;i++)
{
PlotText("" + sig + " @ " + entry, BarCount+3, entry, Null, colorTurquoise);
PlotText("Target 1 : " + tar1, BarCount+3, tar1, Null, Clr);
PlotText("Target 2 : @ " + tar2, BarCount+3, tar2, Null, Clr);
PlotText("Target 3 : @ " + tar3, BarCount+3, tar3, Null, Clr);

PlotText("Trailing SL @ " + sl, BarCount+3, sl, Null, colorCustom14);
}
//Plot(sl, "", colorCustom14, styleLine);
printf("Last " + sig + " Signal came " + (BarCount-bars) + " bars ago");
printf("\n" + sig + " @ : " + entry + "\nStop Loss : " + sl + " (" + WriteVal(IIf(sig == "SELL",entry-sl,sl-entry), 2.2) + ")"+ "\nTarget_1 : " + tar1 + "\nTarget_2 : " + tar2 + "\nTarget_3 : " + tar3);
printf("\nCurrent P/L : " + WriteVal(IIf(sig == "BUY",(C-entry),(entry-C)),2.2));

if (messageboard == 0 )
{
GfxSelectFont( "Tahoma", 11, 100 );
GfxSetBkMode( 1 );
GfxSetTextColor( colorWhite );

if ( sig =="BUY")
{
GfxSelectSolidBrush( colorGreen ); // this is the box background color
}
else
{
GfxSelectSolidBrush( colorRed ); // this is the box background color
}
pxHeight = Status( "pxchartheight" ) ;
xx = Status( "pxchartwidth");
Left = 1100;
width = 310;
x = 2;
x2 = 180;

y = pxHeight;

GfxSelectPen( colorLightBlue, 1); // broader color
GfxRoundRect( x, y - 163, x2, y , 7, 7 ) ;

GfxTextOut( ("" + sig + " Signal came " + (BarCount-bars-1) * Interval()/60 + " mins ago"), 13, y-160) ; // The text format location
GfxTextOut( ("" + WriteIf(sig =="BUY",sig + " @ ",sig + " @") + " : " + entry), 13, y-120);
GfxTextOut( ("Trailing SL : " + sl + " (" + WriteVal(IIf(sig == "SELL",entry-sl,sl-entry), 2.2) + ")"), 13, y-140);
GfxTextOut( ("Target:1 : " + tar1), 13,y -100);
GfxTextOut( ("Target:2 : " + tar2), 13,y-80);
GfxTextOut( ("Target:3 : " + tar3), 13,y-60);
//GfxTextOut( ("Target:4 : " + tar4), 13,y-40);
GfxTextOut( ("Current P/L : " + WriteVal(IIf(sig == "BUY",(C-entry),(entry-C)),2.2)), 13, y-20);;

//x = 290;
//x2 = 570;
//GfxSelectSolidBrush( colorTurquoise );
//GfxSetTextColor( colorBlack);
//GfxSelectFont( "Tahoma", 14, 100 );
//GfxSetBkMode( 1 );
//GfxSelectPen( colorLightBlue, 1); // broader color
//GfxRoundRect( x, y - 43, x2, y , 7, 7 ) ;

//GfxSelectFont( "Tahoma", 10, 400 );

}
//

function PlotDT()
{
displacement = Param("Displacement Value", 12, 1, 100, 1);
slmode = ParamToggle("Stop Loss", "Auto|Manual", 1);
width = ParamToggle("Width", "HL|OC", 1);
Count = Param("No. of DTL", 4, 4, 20, 1);
NewDay = Day()!= Ref(Day(), -1);

for (i=BarCount-1;i > 1; i--)
{
if(NewDay[i] == 1)
{
printf("High : " + i);
if(width == 1)
{
DL = IIf(O[i] < C[i], O[i], C[i]);
DH = IIf(O[i] > C[i], O[i], C[i]);
}
else
{
DL = L[i];
DH = H[i];
}
Bars = i;
i = -1;
}
}

if(slmode==1)
{
distance = displacement;
}
else
{
distance = ((DH+DL)/2) * .01;
}

Plot(LineArray(BarCount - (BarCount-Bars+20), DH, BarCount+35, DH, 1), "", colorLime, styleLine|styleThick|styleDots, Null, Null, 20);
PlotText("Buy Above " + DH + "; Stop Loss = " + DL, BarCount + 0, DH, colorBlack, colorLime);
Plot(LineArray(BarCount - (BarCount-Bars+20), (DH+ distance), BarCount+35, (DH+ distance), 1), "", colorLime, styleLine|styleThick|styleDots, Null, Null, 20);
PlotText("Target = " + (DH+ distance), BarCount + 0, (DH+ distance), colorBlack, colorLime);
Plot(LineArray(BarCount - (BarCount-Bars+20), DL, BarCount+35, DL, 1), "", colorOrange, styleLine|styleThick|styleDots, Null, Null, 20);
PlotText("Sell Below " + DL + "; Stop Loss = " + DH, BarCount + 0, DL, colorBlack, colorOrange);
Plot(LineArray(BarCount - (BarCount-Bars+20), (DL-distance), BarCount+35, (DL-distance), 1), "", colorOrange, styleLine|styleThick|styleDots, Null, Null, 20);
PlotText("Target = " + (DL-distance), BarCount + 0, (DL-distance), colorBlack, colorOrange);
}
function PlotIndicators()
{

SetChartOptions(0,chartShowArrows|chartShowDates);
/* Standard Error Bands */
Periods = Param("Standard Error", 80, 3, 200, 1);
Smooth = Param("Smooth",14,2,100,1);


LRCurve = LinearReg( C, periods );
MALRCurve = MA(LRCurve, Smooth);
SEValue = StdErr( C, periods );
SErrorAvg = MA(SEValue, Smooth);

LowerBand = MALRCurve - SErrorAvg ;
UpperBand = MALRCurve + SErrorAvg ;

Plot( MALRCurve , "MidBand", ParamColor("ColorMB",colorIndigo) , styleDashed|styleNoTitle);
Plot( LowerBand , "LowerBand", ParamColor("ColorLo",colorOrange) , styleLine|styleThick|styleNoTitle);
Plot( UpperBand , "UpperBand", ParamColor("ColorUp",colorGreen) , styleLine|styleThick|styleNoTitle);

Ch = TimeFrameGetPrice("C", in1Minute/60);
clr = IIf(Ch[BarCount-2] > Ch[BarCount-1],colorRed,colorLime);

Plot(LineArray(0,C[BarCount-1],BarCount-1,C[BarCount-1],15), "", Clr, styleLine|styleNoLabel, Null, Null, 30);
PlotText("CMP:" + C[BarCount-1], BarCount+5, C[BarCount-1],colorBlack,Clr);

LRPeriods = Param("Length", 40, 3, 200, 1);
LRCurve = LinearReg( C, LRPeriods );

PlotLR = IIf(LRCurve < LowerBand, (LRCurve + LowerBand)/2, IIf(LRCurve > UpperBand, (LRCurve + UpperBand)/2, LRCurve));
PlotLR = (PlotLR + SwingLine)/2;
Plot( PlotLR , "Stop Loss |", ParamColor("SLColor",colorBlue), 4+8+32+2048);
Plot( SwingLine, "SwingLine", ParamColor( "SWColor", colorBlue ), ParamStyle("StyleSW",style=styleThick|styleNoLabel , mask=maskDefault) );

bc1 = (Cross(C, MALRCurve) OR Cross(C, UpperBand) OR Cross(C, LowerBand)) AND (C > SwingLine);
bc2 = Cross(C, SwingLine) AND (C > MALRCurve OR C > UpperBand OR C > LowerBand);

sc1 = (Cross(MALRCurve, C) OR Cross(UpperBand, C) OR Cross(LowerBand, C)) AND (C < SwingLine);
sc2 = Cross(SwingLine, C) AND (C < MALRCurve OR C < UpperBand OR C < LowerBand);
Buy = bc1 OR bc2;
Sell = sc1 OR sc2;
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
//PlotShapes(shapeCircle*Buy + shapeCircle *Sell, IIf(Buy, colorBlue, colorRed), 0, IIf(Buy, L, H), IIf(Buy, -12, 12));

}
//PlotDT();
_SECTION_END();

////////////////////////////////////////////////////////////////End of code//////////////////////////////////////////